Question
BioWares year-end unadjusted trial balance shows accounts receivable of $28,000 and sales of $390,000. Uncollectibles are estimated to be 2% of sales. Prepare the December
BioWares year-end unadjusted trial balance shows accounts receivable of $28,000 and sales of $390,000. Uncollectibles are estimated to be 2% of sales. Prepare the December 31 year-end adjusting entry for uncollectibles using the percent of sales method.
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Management Accounting For Beginners
Authors: Nicholas Apostolides
1st Edition
0815351224, 978-0815351221
